BLOOMBERG HP Inc reduced its full-year cash flow and profit outlook, saying a rebound in the market for personal computers will take longer than expected. The shares declined about 8.4% in early trading. Free cash flow for the fiscal year ending in October will be $3 billion, the Palo Alto, California-based company said in a statement. It previously projected about …
Read More »
RAS AL KHAIMAH / WAM HH Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, has received at his palace at the Saqr bin Mohammed City, Gareth Johnson MP, UK Trade Envoy to the UAE, and Edward Hobart, ambassador of the United Kingdom of Great Britain and Northern Ireland, who came to greet him …
Read More »
ABU DHABI / WAM Emirati businessman Mohamed Alabbar, Founder of Emaar Properties and noon.com, a leading e-commerce platform, has revealed potential plans to bump up dividends for Emaar Properties’ shareholders in 2023, noting that there are no immediate plans to float noon’s shares on the financial market. In a statement to the Emirates News Agency (WAM), Alabbar highlighted Emaar Properties’ …
Read More »
DUBAI / WAM Under the honorary presidency of Sheikha Aisha bint Obaid Al Maktoum, the MENA Angelman Association, which represents the first association concerned with Angelman syndrome in the Middle East and North Africa (Mena) region, was launched. Angelman syndrome is a rare genetic disease that mainly affects the nervous system, causing developmental delay, speech impairment, and intellectual disability, in …
Read More »
INCHEON / WAM The COP28 Presidency has called for urgent action to strengthen global adaptation action at all levels to reduce vulnerability and strengthen resilience for vulnerable communities, ecosystems and economic sectors at the Korea Global Adaptation Week 2023. During the opening session of the Global Adaptation Dialogue, Ambassador Majid Al Suwaidi, Director-General and Special Representative of COP28, reiterated the …
Read More »
DUBAI / WAM Dubai Chambers has announced that more than 2,000 businesses have participated in a series of workshops designed to raise awareness on Corporate Tax. The sessions were organised as part of Dubai Chambers’ efforts to enhance the local business community’s understanding of the latest legal developments and support companies in adequately preparing for compliance with the UAE’s Corporate …
Read More »
DUBAI / WAM The UAE’s non-oil foreign trade reached a record AED1.239 trillion in H1 2023, representing a growth of 14.4 percent compared to the same period in 2022 – and 3 percent more than H2 2022. The figures, just released by the Ministry of Economy, underline the continued upward trajectory of the nation’s foreign trade, which has achieved quarter-on-quarter …
Read More »
BLOOMBERG European bonds and stocks fell after the latest round of price data suggested inflation may not yet be fully on the retreat in the euro region. Germany’s 10-year yield jumped as much as six basis points to 2.57% after reports showed inflation accelerated in four of six German states in August, ahead of figures for the overall German economy, …
Read More »
BLOOMBERG The Hong Kong dollar is poised for its biggest monthly retreat since 1985 as interest rates in the city drop and pessimism towards China’s economy weighs on the stock market. The currency has declined 0.6% in August — or almost half the maximum swing possible under its trading band with the greenback — to approach the weak end of …
Read More »
DUBAI/GULF TIME Get ready for an epic celebration as IMG Worlds of Adventure, 1.5 million square feet largest indoor theme park in Dubai, is all set to mark its 7th anniversary in Mega style! From August 31 to September 03, guests of all ages are invited to join in the exuberant festivities, where thrilling entertainment, mesmerizing decorations, and delightful surprises …
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.